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Tuesday, August 19, 2025

KOREA

Celine posts explosive growth in Korea as Louis Vuitton, Rolex underwhelm

The four most popular luxury brands in Korea — Hermès, Chanel, Louis Vuitton and Dior — saw a decline in operating profit last year,...

SK Telecom launches AI-powered advertising platform with U.S. startup Moloco

SK Telecom’s employees are operating ASUM 2.0. SK Telecom said Monday that it would launch the AI-based advertising platform ASUM 2.0 in partnership with U.S....

Inter-Korea tensions subside as both sides review cross-border tit-for-tat

Tensions triggered by North Korea’s sending of waste-laden balloons to South Korea have entered a lull. Detecting subtle changes in North Korea’s public stance...

Korea’s KTX makes first overseas export deal with Uzbekistan

Korea's high-speed railway, the KTX, is set for its first overseas export to Uzbekistan. Hyundai Rotem signed a $200 million contract on Friday to export six...

Samsung chief Lee meets Meta, Amazon, Qualcomm CEOs to discuss AI

Samsung Electronics Chairman Lee Jae-yong met the heads of Meta, Amazon and Qualcomm to explore business opportunities in AI and cloud computing during his...

North Korea, Japan held secret meeting in Mongolia last month: Report

North Korea and Japan held a clandestine meeting in Mongolia last month, reported the JoongAng Ilbo on Wednesday, despite Pyongyang's recent public refusal to...

Coupang hit with $102 million fine from FTC over search results manipulation

Coupang was slapped with a 140 billion won ($102 million) fine by Korea's Fair Trade Commission (FTC) for manipulating its search results to enhance...

Russia’s Putin expected to visit North Korea in a ‘few days’: Seoul

Russian President Vladimir Putin is expected to visit North Korea within the next few days, said South Korea's presidential office, with Seoul closely monitoring...

U.S. weighing sanctions on advanced chip technology to China

The U.S. government is considering further restrictions on China's access to advanced chip technology, according to Bloomberg on Wednesday, that could significantly hinder China's...

Chaos looms as more medical professors opt for indefinite strike in Korea

Fears of chaos in Korea's medical system are growing after more doctors at the country’s largest teaching hospitals decided on Wednesday to stage an...